Acquisition of the Raubling location successfully concluded
Vienna, 22 January 2016. Following the receipt of approval from the anti-trust authorities, at the end of 2015 the Heinzel Holding was able to finalise the takeover of the Mondi Raubling paper location agreed in October 2015.
The following companies were purchased with effect from 1 January 2016:
In addition, adjacent Mondi Holding Deutschland properties have been taken over by EMACS Immobilien Raubling. With this acquisition the Heinzel Group has both entered the corrugated containerboard segment and simultaneously secured raw materials, production capacity and sales. Alfred Heinzel, the Heinzel Holding GmbH CEO: “We can put the know-how from Raubling to effective use in the Heinzel Group. We mainly anticipate synergy effects between our Laakirchen Papier AG, Raubling Papier GmbH, Bunzl & Biach GmbH and Chiemgau Recycling GmbH subsidiaries. Moreover, we look forward to successful teamwork with our new colleagues.”
The integration of the Raubling location will increase Heinzel Group sales by around EUR 100 million annually and raise its paper capacity by 200,000 tonnes per year. Along with the location, the group has also taken over 170 employees and appointed Maximilian Luger (formerly the CFO in Raubling) and Klaus Vlach (CFO Bunzl & Biach GmbH, Heinzel Group Auditing Manager) as the Raubling Papier GmbH’s managing directors.
The Heinzel Group, which is united under the Heinzel Holding umbrella, ranks with its industrial locations Zellstoff Pöls AG, Laakirchen Papier AG (both Austria) and AS Estonian Cell (Estonia) among the largest producers of market pulp and magazine paper in Central and Eastern Europe. The group’s Trading Business Area includes Wilfried Heinzel AG, a globally active pulp, paper and board trading company, and Europapier International AG, the leading paper merchant in Central and Eastern Europe. In addition, Bunzl & Biach GmbH is the largest and most important waste paper company in Austria and the leading wholesaler in Central and Eastern Europe. The Heinzel Group’s successful growth is based on the fulfilment of the highest customer demands with regard to quality and efficiency.